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In our latest post on the Puerto Rico bond saga, we discussed President Obama’s signing of a new law that created a financial oversight board (FOB) responsible for approving the restructuring of the U.S. territory’s $70 billion debt. In that article, entitled Puerto Rico’s New Law is a Rearrangement of the Deck Chairs on the …
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The bill to create a financial control board and restructure some of the U.S. territory's $70 billion debt has support from House Republican and Democratic leaders, as well as the Obama administration. But some bondholders, unions a...

The House was scheduled to begin debate Thursday on a bill that would create a financial control board and restructure some of Puerto Rico's $70 billion debt. Republican and Democratic leaders support it, as does the Obama administr...

Last night, the Senate passed a bill addressing Puerto Rico’s debt crisis. Today, President Obama signed it—just one day before the territory’s government would face a $1.9 billion dollar default.
The Puerto Rico Oversight, Manageme...

President Obama at the end of June signed a new law creating a financial oversight board – or FOB – with the power to approve a court-supervised restructuring of Puerto Rico’s massive $70 billion debt. The law came a day before the ...